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Hempalta Corp Expands into Carbon Credit Market

Hempalta Corp (TSE:HEMP) has released an update.

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Hempalta Corp. is set to acquire a majority stake in Hemp Carbon Standard Inc., aiming to enhance its sustainability initiatives and offer a platform for high integrity carbon credits. The deal, involving a mix of cash and common shares amounting to over $2 million, is expected to close by April 30, 2024, subject to regulatory approval. This strategic move will enable customers to reduce their CO2 footprint through certified sustainable agricultural practices.

For further insights into TSE:HEMP stock, check out TipRanks’ Stock Analysis page.

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